A share of stock
A. is a fractional ownership of the firm.
B. does not promise a fixed annual payment.
C. gives the owner with other owners the right to pick the management of the company.
D. all of the above.
Answer: D
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How is the public debt calculated?
A. By subtracting consumption and investment from government spending each year and then cumulating the annual totals over the years of the nation B. By adding up consumption, investment, government purchases, and net exports and then cumulating the annual totals over the years of the nation C. By computing the difference between annual government tax revenues and annual government spending and cumulating the differences over the years of the nation D. By subtracting current government spending from current government tax revenues
In a matched sale-purchase transaction, the Fed
A) buys securities from a dealer and the dealer agrees to buy them back. B) sells securities to a dealer and the dealer agrees to sell them back. C) buys securities from one dealer and sells the same dollar amount of securities to another dealer. D) sells securities to one dealer and buys the same dollar amount of securities from another dealer.
If the supply of labor to a firm is perfectly elastic at the going wage rate established by the forces of supply and demand then
A) the firm is price taker. B) the firm can only hire additional units of labor by driving the wage rate up. C) the wage rate has been decreasing. D) full employment exists in the labor market.
Any market that we are studying and the markets for the related inputs must all be in equilibrium at the same time. This leads to:
A. simultaneous equilibrium effects. B. partial equilibrium effects. C. general equilibrium effects. D. equilibrium-induced changes.